Lending risk insights
Lending Risk Insights are a yet another new feature for our Decision Engine users. Achieving the right balance between risk and reward helps credit unions grow their loan book and reduce bad debt. NestEgg’s new Lending Risk Insights help responsible lenders achieve this win-win. For many years credit unions have faced uncertainty when assessing lending risk.…
Read MoreStruggling financially after bereavement? Where to get help
Losing a loved one is an incredibly difficult experience. Financial worries can add further stress during an already overwhelming time. From funeral costs to changes in household income, bereavement can create unexpected financial challenges. If you’re struggling financially after losing someone close to you, there are various forms of support available to help you navigate…
Read MoreWhen illness affects your finances, what help is available?
A sudden illness or long-term health condition can impact your wellbeing and financial stability. Whether it’s difficulty working, increased medical costs, or unexpected expenses, knowing where to turn for support can make a significant difference. Financial help is available if illness affects your income or increases your outgoings. Please note that this information is correct…
Read MoreStruggling with household bills? Support may be available
With the cost of household and life necessities seemingly always on the rise, many households are finding it increasingly difficult to keep up with essential bills. If you’re struggling to pay for energy, water, rent, or other household costs, help may be available. Energy bills With the energy prices constantly rising, gas and electricity bills…
Read MoreWhat are priority bills and what happens if they are unpaid?
When money is tight, it can be difficult to decide which bills to pay first. Some bills carry more serious consequences if left unpaid. These are known as priority bills. Understanding what these are and what happens if you don’t pay them can help you manage your finances more effectively and avoid unnecessary penalties or…
Read More7 mistakes that cost credit unions millions
…and how to fix them At last week’s ABCUL conference, NestEgg highlighted 7 key reasons why many credit unions struggle to grow their loan books. Drawing on insights from 250,000 loan applications worth £550 million (that were decisioned by NestEgg’s partner lenders since the last conference), the data shows that by avoiding these seven common…
Read More